The Cayman Islands is recognised as one of the most prestigious flag states internationally and is a popular and attractive base for the registration of foreign owned vessels.
The Islands, Grand Cayman, Cayman Brac and Little Cayman, are a British owned territory located in the western Caribbean Sea. Recognised as a major world offshore centre, the Cayman Islands offer quality banking, company management, legal and accounting services coupled with excellent international communication networks. These qualities, together with Cayman’s comprehensive maritime legislation, allow flexibility and safety for vessel owners in a tax neutral environment. No taxes whatsoever are levied by the Cayman Islands on vessel owning companies.
As a category 1 British Registry holding “White List” status and a member of the Red Ensign Group since 1991, the Cayman Islands is able to register vessels of all sizes, from smaller yachts to super yachts and commercial tankers.
Cayman registered vessels fly the red Cayman ensign. The flag has a dark red background with the British “Union Jack ” in the corner nearest the flagstaff and the Cayman national arms shown on the right hand side.
The Cayman Islands Shipping Registry, established in 1903, has a long and successful maritime heritage. Today its global network of representatives provide world-class client service 24 hours a day. Not only does a Cayman registered vessel enjoy all the privileges afforded to the British Flag including full international recognition and the protection and assistance of the British Royal Navy, but there are also advantages specific to the Cayman Islands Registry:
- The Cayman Registry has a reputation for accommodating the highest quality tonnage afloat.
- Any vessel (except commercial fishing vessels) can be registered in the Cayman Islands provided that it meets international standards.
- The Cayman Registry offers very competitive registration and annual tonnage fees and operates in 11 locations globally to serve international clients.
- A wide range of ownership structures is offered to facilitate flagging a vessel in Cayman, and it is not always necessary for a Cayman Islands flagged vessel to be owned by a Cayman Islands individual or entity.
- A full range of vessel registration options are offered by the Cayman Islands Shipping Registry from bareboat charters to full registration.
- Three ports of choice are available; George Town in Grand Cayman, The Creek in Cayman Brac and Bloody Bay in Little Cayman.
- There are no restrictions on crew nationality for Cayman flagged vessels providing the crew members are qualified.
- The Cayman Islands Shipping Registry surveyors are respected worldwide for maintaining a vigorous survey and audit program to ensure compliance with international standards.